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Imitated documents

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Tue, 09/08/2009 - 20:49
diemphuongho
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Joined: 01/01/2009
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What will you do if you are an issuing bank and reliably discover the documents issued by the third party and presented (as B/L, courier receipt,..) are not existed and imitated by the beneficiary. Although, their surfaces are entirely complied with the L/C stipulated.

 HDP

Best regards

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Thu, 09/10/2009 - 18:23
#1
thepsyo
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Joined: 05/27/2009
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IMO

if you know that the docs are fake for sure, banks do not have to pay because the docs must be apparently genuine to constitute a complying presentation. 

 in case of confirming bank has already paid to beneficiary without noticing the fake docs, imo, you will have to reimburse that bank.  

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